px Group selected to operate New Providence Gas LNG terminal in the Bahamas

px Group is a portfolio company of Ara Partners, a global private equity and infrastructure firm focused on decarbonising the industrial economy.

Under the multi-year agreement, px will support commissioning and operational readiness before assuming responsibility for the terminal’s long-term operation and maintenance. The appointment expands px Group’s presence in the Americas and adds a strategically important LNG asset to its international operations portfolio.

New Providence Gas Ptd is a joint venture between Shell, which holds a 40% interest, and Sun Oil Ltd, a subsidiary of FOCOL Holdings Ltd, which holds the remaining 60%.

The terminal is being developed to receive, store, and regasify LNG for delivery as natural gas to power-generation facilities on New Providence. The project is intended to support greater fuel diversity, improved energy security, and is a lower-emissions alternative to the fuel oil and diesel currently used for much of the island’s electricity generation.

“This appointment represents an important step in px Group’s continued growth across the Americas,” said Geoff Holmes, CEO of px Group. “Our role begins before start-up, with preparing the facility, its systems and its operating organisation for safe and reliable service. We will then carry that responsibility into long-term operations, bringing the experience and operational discipline px has developed across critical energy and industrial infrastructure.”

To deliver the contract, px Group has established px Bahamas, a locally-incorporated operating company that will build and manage the team responsible for the terminal’s day-to-day operation and maintenance.

A plant manager is already based in New Providence, and px Bahamas expects to recruit Bahamian operators, technicians, and other skilled professionals as the project moves towards commissioning and start-up. The company will also establish the operational procedures, safety systems, and technical capabilities required to support the terminal’s performance over the long term.

Dexter Adderley, President and CEO of FOCOL Holdings Ltd, said px Group’s operating experience and local workforce plans will be important to the success of the project.

“The strength of this project will ultimately be measured by how safely, reliably, and consistently the terminal operates,” Adderley added. “px Group brings the experience required to help carry the facility from commissioning into long-term operation, and we value its commitment to building px Bahamas around skilled Bahamian professionals. That combination of international operating expertise and local capability is essential to the lasting success of New Providence Gas.”

The New Providence Gas appointment builds on px Group’s expanding work across North America and the Caribbean, where the company supports asset owners and developers through commissioning, start-up, operational readiness, operations, and maintenance, engineering, and asset-management services.

Read the article online at: https://www.tanksterminals.com/terminals/11082026/px-group-selected-to-operate-new-providence-gas-lng-terminal-in-the-bahamas/